Purchase a computer for additonal cyber customer unit

Elijah

Githurai, Kenya

100% repaid

Entrepreneur

Name

Elijah

Member since

January 2015

On-time repayments

331 installments  •  69%

About Me

I started life by doing jobs in construction sites and latter in Kenya clay works company. After saving 6,000 i started my first business of poultry keeping in 2008 august which grew up to a capital of Kshs 75,000 capital in 6 months by financing through higher purchase and retained earning. The 6,000 was
After 3yrs in poultry business i closed down to venture in cyber business in 2012 which i ran to date.
My family made of four i.e my son, daughter, wife and i. I have always had an interest in networking and computers the reason why i started the cyber cafe business.

My Business

Cyber business involves providing the public with internet access, computer services i.e typesetting, printing and other internet solutions. The service are in demand because the public need to access government and other organizations information as well as social sites which they use to communicate with friends worldwide. The typical costs are , papers, inks, electric power, internet, tire and ware. Soo far the income from the business has been largely been used to reinvest and home use.
In addition, I expanded my business by starting a consulting business in bookkeeping and credit management. This has been inspired by wanting to utilize my professional skills to help other businesses in the community. My consulting business has helped my people in keeping track on how their businesses are performing. The consulting business is growing gradually and currently i have been able to sign with two banks and an insurance company on trade finance products. This is a significant grow as it increase the pool of services we offer to our clients.
The typical cost for the consulting business is office rent, stationery, salary for sales people, transport and logistics, internet and other office running cost.

Loan Proposal

I have a work station that has no machine, this loan will be use to purchase an additional computer to be used by client in the cyber. The new computer will lead to additional income and it will also reduce the waiting time by for clients. At the moment my clients have to wait for approximately 10-15 minutes for the next available computer. If this time is reduced more clients will come because they will be saving time. The total cost will be Kshs 20,000 (233 USD $), i will top up the additional amount from the business cash inflow.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$187.00

Date disbursed

Jun 10, 2015

Repayment status

On Time

Projected term

5 months

Lenders

PG

Paul Graham

United States

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